Personally I am a big believer in the EV revolution, so I am not concerned.
Simon Moore and benchmark minerals have their finger on the pulse usually when it comes to supply and demand for the battery minerals and they are predicting big cobalt deficets. I personally wouldn’t mind it dropping slightly as it has done, slows down the push for new technology, not good for a short term SP but likely to be better for Celsius in the medium to long term, hopefully like PG said, softens a bit now and come end of summer (I presume Australia’s winter?) it will start to pick back up again... just in time for offtake season!
I am also holding sufficient amount, and with something like $140b invested/pledged by automotive manufacturers to the EV revolution I am reasonably comfortable with my investment.
CLA chart, page-1766
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1.5¢ |
Change
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Mkt cap ! $36.41M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $27.12K | 1.808M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3015671 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 495554 | 2 |
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| Last trade - 13.13pm 28/08/2024 (20 minute delay) ? |
| CLA (ASX) Chart |